sacagawea coins

i guess i just dont understand the aspect of selling yet. i mean i buy the eagle proofs except for the years that i think are totally outrageous for the same reason. if i see the market closing at say 5 bux an oz i dont want to pay 20 for a coin. the coin has value too but if it is only going to be worth spot value at the time to sell then why buy?

 

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Well proofs are a whole different aspect to the bullion program. The price of silver has very little to do with that. It falls into the catagory of collectible. Like the Morgan. Morgan's only are effected by silver prices when they reach high levels.
BU eagles usually retail on average of $2.40 above spot. So if silver is selling at $5 a BU eagle will be sold $7.40
Does that make better sense?

 

If I recall in 1986 when the Eagles started the Government decided that silver was now a strategic holding and they needed to sell some off. They have now depleted the reserve but continue the program because its a money maker for the mint. The only reason to purchase bullion at any price is the belief (hope) that the price goes up.